Analysts' Actions: ADBE DLTR FDO RTN TSN
NEW YORK (
) --
CHANGE IN RATINGS
Adobe
(ADBE) - Get Report
was upgraded at Pacific Crest to outperform. $60 price target. Company should benefit from growing CMO budgets, Pacific Crest said.
Altera
(ALTR) - Get Report
was upgraded at Citigroup to buy from neutral. Opportunity in China wireless, said Citigroup. Price target goes to $41.
Alliant Techsystems
(ATK)
was upgraded at Drexel Hamilton to buy from hold. $110 price target. Company is leveraged to higher civilian demand for ammunition, Drexel Hamilton said.
Big Lots
(BIG) - Get Report
was upgraded at J.P. Morgan to neutral from underweight. Risk/reward balanced with setup reversed and change underway, J.P. Morgan said.
Darling
(DAR) - Get Report
was upgraded at Canaccord Genuity to buy. $25 price target. Rothsay acquisition fits in and should add to earnings, Canaccord Genuity said.
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Dollar Tree
(DLTR) - Get Report
was upgraded at Deutsche Bank to buy. Company has easier comps and can generate higher free cash flow, Deutsche Bank said. $60 price target.
Family Dollar
(FDO)
was downgraded at Deutsche Bank to hold from buy. Valuation call, based $74 price target, Deutsche Bank said.
Hasbro
(HAS) - Get Report
was upgraded at Citigroup to buy from sell and given a $53 price target. Core product launches should reaccelerate sales growth, Citi said.
Raytheon
(RTN) - Get Report
was downgraded at Stifel Nicolaus to hold from buy. Valuation call, as the stock exceeded the $77 price target, Stifel Nicolaus said.
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Tyson Foods
(TSN) - Get Report
was downgraded at Bank of America/Merrill Lynch to neutral from buy. $32 price target. Industry data suggest a steep increase in production, BofA/Merrill said.
Stock Comments / EPS Changes
Bed, Bath & Beyond
(BBBY) - Get Report
price target was raised at Credit Suisse to $80. Company has improved its Web site, and channel checks are positive for back-to-school shopping, Credit Suisse said. Outperform rating.
EOG Resources
(EOG) - Get Report
numbers were increased at Jefferies through 2014. Company can continue to grow in the Eagle Ford. Buy rating and new $195 price target.
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Foot Locker
(FL) - Get Report
estimates were cut at UBS. Estimates were reduced to reflect slowing same store sales, said UBS. Price target is $39.
Hibbert Sports
(HIBB) - Get Report
numbers were reduced at Piper Jaffray. Shares are now seen reaching $56. Estimates also cut, as 2013 could prove to be a bridge year, Piper Jaffray said. Neutral rating.
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This article was written by a staff member of TheStreet.
